Woodward price target raised to $143 from $136 at Truist

Truist raised the firm’s price target on Woodward to $143 from $136 and keeps a Hold rating on the shares after its Q1 earnings beat and guidance raise. Results handily beat consensus on the back of robust demand for on-highway natural gas trucks in China, the analyst tells investors in a research note. Truist adds however that while the guidance “embeds conservatism”, the firm continues to struggle with valuation against an unpredictable natural gas market.